Sail '22

The Carlsberg Group Strategy

Our SAIL'22 strategy was launched in March 2016 with the ambition to make the Carlsberg Group a succesful, professional and attractive brewer in our markets. The key strategic choices of SAIL'22 are grouped under the headings "Strengthen the core", "Position for growth" and "Create a winning culture". Delivering on these choices will in turn enable us to deliver enhanced value for our shareholders.

SAIL'22 was co-developed by the top leadership team in the Carlsberg Group in order to leverage the Company's vast knowledge base, support a team-based culture and secure a fast implementation.

We are now two years into our journey and our results so far make us confident that SAIL'22 will generate organic top- and bottom-line growth going forward.

Some have to dig deep to find their purpose, for us it has always been there.

Wepursue perfectionevery day.

We strive tobrew better beers.Beers that stand at the heart ofmoments that bring people together.

We don't settle for immediate gain, when we cancreate a better tomorrowfor all of us.

BREWING FOR A BETTER TODAY & TOMORROW

Successful by delivering sustainable organic top-and bottom-line growth; professional by being the preferred supplier of our customers; and attactive by delivering value for shareholders, employees and society.